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Azimut Exploration Inc.
Summary
| Project: | Eleonore | |
|---|---|---|
| Deposit: | Eleonore South | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-5-2017: Azimut Exploration Inc. announces an Exploration/Drilling Update report for its Eleonore South deposit at the Eleonore project. JV with Eastmain Resources -Drilling results incl. 77.3m @ 3.05g/t Au from 167.3m. LONGUEUIL, QC, May 2, 2017 /CNW Te | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jean-Marc Lulin (Internal) | |
| ABSTRACT: | LONGUEUIL, QC, May 2, 2017 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce the initial results of the first nine (9) holes of a 14-hole (2,733- metre) diamond drilling program completed in early April on the Eleonore South JV Property. The best drill intercept to date is 4.9 g/t Au over 45.0 metres, including 13.0 g/t Au over 10.5 metres (Hole ES17- 64). Excellent targets in the immediate vicinity will be drilled to expand this discovery. This new result is seen as a significant milestone confirming the potential of the Eleonore South Gold Project, which is adjacent to Goldcorp's Eleonore mine property. The main target area is a prospective corridor 3 to 4 kilometres long by roughly 500 metres wide straddling a tonalite intrusion and its contact with metasedimentary rocks. This large gold-bearing system is preliminarily interpreted as a late-stage hydrothermal-magmatic phase directly related to the tonalitic intrusion. Table 1 presents the significant gold assays for the first nine (9) holes (ES17-60 to ES17-68) of the current drilling phase. Drill hole locations are shown on Figure 2. Further details regarding the description and interpretation will be provided once all results have been received. | |
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